Student Loans

QAre There Any Fees Associated With A Stafford Loan?
A Yes. Stafford loans require a total of 4% administrative and guarantee fees upon origination. These fees are standard and set by industry standards as part of this federally sponsored program. 1. Origination Fee: The 3% origination fee of the principal is deducted each time a disbursement is made. For instance, if the school certifies $20,000 for a school year, an additional $600 is added. If there are two disbursements during the school year, $300 is taken out during each disbursement. This fee is distributed to the Federal Government to offset student loan program costs. 2. Guaranty Fee (Waived): The 1% guaranty fee is due to the guarantor as insurance against default. We waive this fee and take care of the 1% fee for you.